Verizon (VZ) is planning to raise as much as $49 billion through a debt offering this week to fund its acquisition of Vodaphone's (VOD) stake in the Verizon Wireless joint venture.
Early reports have indicated strong demand for the offering, prompting Verizon to offer more notes to finance more of the acquisition.
Prior to Verizon's bond deal, the previous record bond deal for a corporation was Apple's in April of this year. Apple used the $17 billion raised to finance its share repurchase program. In early trading on Wednesday, shares of Verizon were close to even.
The preceding is a transcript of the MarketNewsVideo.com video below.
Original headline: Verizon Sets Record With $49 Billion Bond Sale
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